The Graveyard › Banks › 2010
Waterfield Bank
Germantown, MD · failed March 5, 2010 · FDIC certificate 34976
Waterfield Bank of Germantown, MD failed on March 5, 2010. It opened on June 12, 2000, 9 years before. At its last report before that it held $155.6 million in assets and $156.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $287.5 million. The FDIC estimates that the Deposit Insurance Fund lost $11.3 million on it.
2000-062009-12
Assets at the end$155.6 millionlast report before March 5, 2010
Deposits at the end$156.2 million
Estimated loss to the fund$11.3 millionDIF
Largest in the quarterly reports$287.5 millionDecember 31, 2008
Equity to assets-5.4%December 31, 2009
Loans not being repaid8.2%noncurrent, December 31, 2009
Return on assets-8.45%a year's rate, December 31, 2009
Staff34full time, December 31, 2009
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.